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which of the following is true? In a job - order cost system, each entry to the Raw Material Inventory account should be accompanied by
which of the following is true?
In a joborder cost system, each entry to the Raw Material Inventory account should be accompanied by a posting to one or more job cost sheets.
Direct materials are added to the Work in Process Inventory, not removed from it when issued to production.
Upon purchasing raw materials, they are initially recorded in the Raw Materials Inventory, and later associated with specific jobs when requisitioned.
Materials requisition slips are used for internal control and tracking the use of materials in production, not for indicating receipt from a supplier.
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